Press Release

Jun 21, 2016

Janney Welcomes Accomplished Investment Banker to its Lodging & Leisure Team

John Putrino joins as Managing Director in the Real Estate Investment Banking Group–

Philadelphia, PA – June 21, 2016 – Janney Montgomery Scott LLC (“Janney”), a leading full-service wealth management, financial services and investment banking firm headquartered in Philadelphia, PA, today announced the addition of John Putrino, who will join as Managing Director in the Real Estate Investment Banking Group.

Bringing with him over 19 years of investment banking experience, Mr. Putrino previously served as the CEO of Sachem Street Capital Advisors, an independent financial advisory firm focused on companies and investors in the lodging and leisure sector. Prior to Sachem Street Capital Advisors, he served as Managing Director and Head of North American Lodging & Leisure Investment Banking for BMO Capital Markets, Managing Director for Imperial Capital and Managing Director for Credit Suisse.

“Hiring John underscores Janney’s commitment to hiring established talent to our team of investment banking professionals in our targeted sectors,” commented Cliff Booth, Head of Investment Banking at Janney. “Having completed over 140 transactions with aggregate value of over $90 billion, John has proven experience being a trusted advisor to corporate boards.”

In his new role, Mr. Putrino will be responsible for directing the investment banking activities within the lodging and leisure sector, providing strategic advisory and financial solutions that drive client results and create shareholder value. Based in Janney’s headquarters in Philadelphia, Mr. Putrino will report directly to Mr. Booth and will play a primary part in building the Real Estate Investment Banking Group within Janney.

“Janney is an exciting destination as the firm builds out its Capital Markets area.  With a focus on client-oriented results that are gained by concentrating on our strengths, I’m thrilled to be joining a team of knowledgeable and practiced professionals,” shares Mr. Putrino. “Having the opportunity to drive progress at an established firm with over 180 years of industry leadership is very attractive.”

Mr. Putrino received a Master’s of Public and Private Management from Yale University and a Bachelor’s and Master’s degree in Accounting from Pace University.

About Janney Montgomery Scott LLC

Janney provides advice to individual, corporate and institutional clients. Our expertise includes guidance about asset management, corporate and public finance, equity and fixed income investing, equity research, institutional equity and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management. Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and is a member of the New York Stock Exchange (NYSE), Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Additional company information is available at www.janney.com.

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